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23186474
23186475

6417 S Ridgeland Ave, Oak Lawn, IL 60453

NH
IL 37077037778HN
Network Real Estate Group
Network Real Estate Group
Listed by Network Real Estate Group
$3,300,000
411 days on market
Updated 113 days ago

6417-6421 S Ridgeland Ave

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 15,810
Net Rentable (SqFt) 15,810
Units 6
Cap Rate 7.71%
NOI $254,336
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $209
Class B
Year Built 1990
Year Renovated 2025
Buildings 1
Stories 1
Acreage 1.100
Zoning C2-2 Retail/Office
Investment Type Stabilized

100% Occupied Strip Center with long term leases on Busy 87th & Ridgeland Ave

Marketing description

Offering a prime investment opportunity in Oak Lawn, IL: 6417-6421 W 87th St. Well-maintained property boasts a 15,810 SF building on a +/-48,138 site (roughly 1.10 acres). Features 6 fully leased units. The property offers a solid revenue stream from day one. Renovated in 2025, it presents a contemporary, attractive space for tenants and shoppers alike. Situated in the Chicago MSA at the Oak Lawn & Burbank borders, this 100% occupied strip center is a beacon for retail investors seeking a stable, high-performing asset in a thriving market. With its strategic location and strong tenant base, this property represents an exceptional addition to an investment portfolio.

Investment highlights

  • 15,810 SF building

  • Renovated in 2025

  • 100% occupancy

  • Located in Major Shopping & Business District

Listing Contacts

NH
IL 37077037778HN
Network Real Estate Group
Network Real Estate Group
Listed by Network Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$254,336.00
$21,194.67/mo

Valuation Metrics

0
DSCR
7.71%
Cap Rate
7.71%
ROI

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